CBK issues KD 280 mln Tawarruq, bonds

The Central Bank of Kuwait (CBK) announced on Monday the issuance of Tawarruq and bonds worth KD 280 million (about USD 924 billion).

The issue’s maturity period is six months, with a return rate of 1.250 percent, the CBK said in a statement to KUNA.

On May 31, the CBK issued bonds and Tawarruq worth KD 360 million (USD 1.1 billion) with a return rate of 1.250 percent for a six-month maturity.

Source: Kuwait News Agency